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Microsoft recovers from Surface debacle strong Q1 earnings

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Microsoft misses Q4 estimates with earnings of $0.55 per share on $23.38 billion in sales
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Microsoft misses Q4 estimates with earnings of $0.55 per share on $23.38 billion in sales

Microsoft’s last earnings report was not the company’s brightest hour. Not only did it miss analysts’ expectations with fiscal fourth-quarter earnings of $0.59 per share on $19.89 billion in sales, but it also had to write off a $900 million loss related unsold Surface tablet inventory. The Street’s expectations were more tempered this time around, with the consensus forecast projecting EPS of $0.54 on revenue of $17.8 billion in Microsoft’s first fiscal 2014 quarter as the company looks to find its footing in the mobile market. The company on Thursday beat expectations when it announced a Q1 2014 profit of $0.62 per share on revenue that totaled $18.53 billion.

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